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Bitmain's Stock Soars Sevenfold Following Ethereum Strategy Shift, Tom Lee Appointed as Chairman

2025/07/01 09:08
CoinPost
Written by L.Kikutani
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Bitmain's Stock Soars Sevenfold Following Ethereum Strategy Shift, Tom Lee Appointed as Chairman

Stock Price Skyrockets Sevenfold

Tom Lee, renowned financial analyst and co-founder of Fundstrat, officially assumed the role of chairman of the board at BTC mining company Bitmain Immersion Technologies on June 30. Lee is well-known as a strategic analyst in the cryptocurrency market.

Related: Could Bitcoin Reach $3 Million? Top Analyst Tom Lee Predicts

Bitmain announced a fundraising of $250 million (36 billion yen), revealing a strategy to allocate these funds towards purchasing Ethereum (ETH). While continuing its traditional Bitcoin mining operations, the company has shifted its focus to make ETH its primary asset.

This announcement...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.